CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Forex Trading Apps Comparison
We've collected thousands of data points and tested dozens of the top forex trading apps (learn more about how we test). Check out a data-driven, side-by-side comparison of the forex brokers that offer the best mobile trading experiences in the industry:
| Company |
Apple iOS App |
Android App |
Mobile Watchlist |
Mobile Charting - Indicators / Studies |
Tradeable Symbols (Total) |
Trust Score |
 IG
|
Yes |
Yes info |
Yes |
33 |
19537 |
99 |
 Saxo
|
Yes |
Yes |
Yes |
64 |
70000 |
99 |
 CMC Markets
|
Yes |
Yes |
Yes |
29 |
11925 |
99 |
 Interactive Brokers
|
Yes |
Yes |
Yes |
70 |
8500 |
99 |
 FOREX.com
|
Yes |
Yes |
Yes |
88 |
5500 |
99 |
 City Index
|
Yes |
Yes |
Yes |
88 |
13500 |
99 |
 TD Ameritrade
|
Yes |
Yes |
Yes |
360 |
0 |
99 |
Best brokers for mobile forex trading
We've researched over 60 of the top brokers in the industry and tested dozens of mobile apps to determine the best brokers for mobile forex trading. Check out our top three picks:
Winner: IG
Our research team has conducted extensive testing on the overall mobile forex trading experience at IG. We were so impressed by the broker's mobile features and trading tools that we awarded IG an overall rating of 10/10 in the mobile trading category. After testing mobile apps from dozens of forex brokers, we've ranked IG #1 out of 62 total brokers for the overall mobile trading experience, making it our top pick for traders in 2024.
Check out a breakdown of IG's individual mobile features:
- Android App - Yes
- Apple App - Yes
- Mobile Alerts (Basic Fields) - Yes
- Mobile Watchlist - Yes
- Watchlists (Total Fields) - 5
- Charting Indicators - 33
- Charting - Drawing Tools - 20
IG mobile app screenshots
Runner-up: Saxo
Saxo received an overall rating of 10/10 in the mobile trading category. The impressive mobile features available at Saxo have us ranking it in the #2 spot for mobile trading out of the 62 brokers we've tested and reviewed. Simply put, Saxo is an excellent choice for forex traders who want a great mobile trading experience.
Check out a breakdown of Saxo's most important mobile features.
- Android App - Yes
- Apple App - Yes
- Mobile Alerts (Basic Fields) - Yes
- Mobile Watchlist - Yes
- Watchlists (Total Fields) - 60
- Charting Indicators - 64
- Charting - Drawing Tools - 20
Saxo mobile app screenshots
Podium finisher: CMC Markets
CMC Markets received an overall rating of 9.5/10 in the mobile trading category, contributing to its impressive third-place ranking out of 62 total brokers in the mobile apps category.
Check out a breakdown of CMC Markets's most important mobile features.
- Android App - Yes
- Apple App - Yes
- Mobile Alerts (Basic Fields) - Yes
- Mobile Watchlist - Yes
- Watchlists (Total Fields) - 11
- Charting Indicators - 29
- Charting - Drawing Tools - 40
CMC Markets mobile app screenshots
FAQs
Can you trade forex on your phone?
Yes, you can trade forex using a mobile trading app provided by your forex broker. Today, there's a huge number of forex trading apps available on the market, making it easy for people to trade forex from the comfort of their mobile phones (or tablets). The best forex brokers deliver apps with powerful trading tools, sophisticated charting, and the ability to monitor and manage your portfolio from anywhere, at any time.
How do I choose a forex trading app?
Trying to decide which forex trading app is right for you, but aren't sure what to look for? We've been using mobile trading apps for years and we've tested dozens of the top forex apps. We've put together this list of the most important features to look out for when deciding on a mobile trading app:
- User experience. The best mobile apps feature a user-friendly interface that can be easily used by beginners and experienced traders.
- Powerful tools. Highly rated forex apps tend to pack a punch. The best apps deliver powerful trading tools, smooth trade execution, robust technical and fundamental analysis tools, real-time news, and charting.
- Straightforward payment methods. Deposits and withdrawals from your forex trading account should be simple, whether you are on desktop or mobile. Your broker should provide a range of accessible payment methods to deposit funds. PayPal has become a popular option for forex traders; check out our guide to the best brokers that accept PayPal.
- Educational resources. Many of the best forex brokers offer a range of educational resources to help beginner forex traders get the most out of their trading experience. IG, for example, has an app that is exclusively dedicated to trader education.
- Demo accounts: Your forex trading app should provide a demo account. Demo accounts allow beginners to practice forex trading without risking any of their real money.
Does forex have an official app?
No, the forex market does not have a single official app. Forex is a shorthand for the foreign exchange market. Forex traders trade currencies on the international currency market, and aim to profit by accurately predicting shifts in the value of international currencies. A huge number of online forex brokers offer mobile trading apps that grant traders access to the foreign exchange markets. If you are interested in the popular broker FOREX.com, you can check out our data-based review of FOREX.com.
Does MetaTrader have an app?
Yes, MetaTrader 4 and MetaTrader 5 are popular forex trading platforms that offer mobile forex trading apps. MT4 and MT5 both come with excellent charting and analysis tools, and have become immensely popular with forex traders around the world.
What are the differences between trading forex on your phone versus your computer?
Mobile trading platforms are often simpler than desktop applications and tend to offer fewer customization options. Features like charting tools are often less sophisticated on mobile. However, mobile trading apps have the advantage of being more convenient and enabling traders to trade at any time and place.
Below, check out some screenshots taken during our product testing of IG to compare the broker's mobile and desktop platforms, side-by-side:
IG desktop platform screenshots:
IG mobile app screenshots:
BrokerNotes.co Overall Rankings for Mobile Forex Trading
Based on our independent research and extensive testing, here is our full list of list of the best brokers for mobile trading in 2024:
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Methodology
At BrokerNotes.co, our data-driven online broker reviews are based on our extensive testing of brokers, platforms, products, technologies, and third-party trading tools. Our product testing extends to the quality and availability of educational content, market research resources, and the accessibility and capabilities of mobile platforms and trading apps. We also dive into each broker’s trading costs, such as VIP rebates, inactivity fees, custody fees, bid/ask spreads, and other fee-based data points.
Steven Hatzakis, an industry veteran with decades of experience in the forex market, leads the BrokerNotes research team. All BrokerNotes content is researched, fact-checked, and edited by the research team.
All websites and web-based platforms are tested using the latest version of the Google Chrome browser. Our Desktop PCs run Windows 11, and we use MacBook Pro laptops running the latest version of macOS to test trading on the go. We test mobile apps and products using iPhones running iOS 17 and Samsung devices running Android OS 14.
Note: The online brokers on our site provide the ability to trade forex in one or more ways, such as non-deliverable spot forex (i.e., rolling spot contracts), contracts for difference (CFD), or other derivatives such as futures. The availability of specific markets or features will depend on your country of residence and the broker's applicable brand or entity that services your account(s).
AI disclaimer
We use proprietary AI technology to assist in some aspects of our content production. However, our scores, ratings, and rankings of online brokers are based on our in-depth product testing and thousands of hand-collected data points. Learn more about our AI Policy and How We Test.
Forex Risk Disclaimer
There is a very high degree of risk involved in trading securities. With respect to margin-based foreign exchange trading, off-exchange derivatives, and cryptocurrencies, there is considerable exposure to risk, including but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or related instrument. It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable, or that they will not result in losses. Learn more about foreign exchange risk.
About the Editorial Team
BrokerNotes.co provides unbiased forex broker reviews and ratings to help traders and investors find the best broker for their needs. All content is researched, fact-checked, and edited by our research team and all ratings and rankings are based on the team’s in-depth product testing.
